{"id":11163,"date":"2024-08-28T14:52:28","date_gmt":"2024-08-28T14:52:28","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=11163"},"modified":"2024-08-28T14:52:32","modified_gmt":"2024-08-28T14:52:32","slug":"japan-targets-web3-expansion-with-startup-focused-tax-reforms","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/","title":{"rendered":"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms"},"content":{"rendered":"\n<p>Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru Saito, Japan\u2019s Minister of Economy, Trade, and Industry, announced during a conference that the government plans to create a business-friendly environment to attract global companies and developers to the country.<\/p>\n\n\n\n<p>Speaking at the WebX Conference, Tokyo\u2019s largest cryptocurrency-themed event, Saito emphasized the significance of Web3 technology and the immense potential of Japan&#8217;s Web3 and blockchain sectors. According to local media outlet Odaily, the minister&#8217;s proposed tax reforms aim to encourage the development of more Web3 use cases, further positioning Japan as a leader in this emerging field.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Japan&#8217;s Strategic Focus on Web3 for Social Solutions<\/h3>\n\n\n\n<p>Japan has been actively exploring Web3 applications across various sectors of its economy. Prime Minister Fumio Kishida recently highlighted Web3 and blockchain technology as crucial tools for addressing social challenges. The Prime Minister committed to creating a favorable environment for the utilization of Web3-related tokens, the facilitation of digital payments, and the revitalization of the content industry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rising Crypto Adoption in Japan<\/h3>\n\n\n\n<p>The country&#8217;s interest in Web3 and cryptocurrency is reflected in the growing adoption of digital assets. A study conducted by financial services firm Nomura Holdings and its digital asset arm, Laser Digital, revealed that over half of the institutional investors surveyed in Japan plan to invest in the crypto sector within the next three years. The survey, which included 547 investment managers, indicated that crypto is increasingly viewed as a viable tool for portfolio diversification, a hedge against inflation, and an asset class with high return potential.<\/p>\n\n\n\n<p>Furthermore, the survey found that 66% of respondents are considering allocating 2-5% of their investments to crypto over the next three years. Additionally, 25% of those surveyed expressed a positive sentiment toward crypto assets, signaling an optimistic outlook for Japan\u2019s crypto future. Key factors influencing this interest include the development<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru Saito, Japan\u2019s Minister of Economy, Trade, and Industry, announced during a conference that the government plans to create a business-friendly environment to attract global companies and developers to the country. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-11163","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Japan Targets Web3 Expansion with Startup-Focused Tax Reforms<\/title>\n<meta name=\"description\" content=\"Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms\" \/>\n<meta property=\"og:description\" content=\"Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-28T14:52:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-28T14:52:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adam L\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adam L\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/\"},\"author\":{\"name\":\"Adam L\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/d05d4ef65ae9752036cc2b5e044592f9\"},\"headline\":\"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms\",\"datePublished\":\"2024-08-28T14:52:28+00:00\",\"dateModified\":\"2024-08-28T14:52:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/\"},\"wordCount\":331,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg\",\"articleSection\":[\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/\",\"name\":\"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg\",\"datePublished\":\"2024-08-28T14:52:28+00:00\",\"dateModified\":\"2024-08-28T14:52:32+00:00\",\"description\":\"Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg\",\"width\":800,\"height\":450,\"caption\":\"japan-crypto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/d05d4ef65ae9752036cc2b5e044592f9\",\"name\":\"Adam L\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-3-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-3-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-3-96x96.png\",\"caption\":\"Adam L\"},\"description\":\"In the world of blockchain and cryptocurrencies, I have a great deal of passion and interest. My interest in blockchain and cryptocurrencies has led me to explore these technologies in greater depth, as I am interested in the potential implications they could have on the global economy.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/adam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms","description":"Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/","og_locale":"en_US","og_type":"article","og_title":"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms","og_description":"Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru","og_url":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-08-28T14:52:28+00:00","article_modified_time":"2024-08-28T14:52:32+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg","type":"image\/jpeg"}],"author":"Adam L","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Adam L","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/"},"author":{"name":"Adam L","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/d05d4ef65ae9752036cc2b5e044592f9"},"headline":"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms","datePublished":"2024-08-28T14:52:28+00:00","dateModified":"2024-08-28T14:52:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/"},"wordCount":331,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg","articleSection":["General News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/","url":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/","name":"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg","datePublished":"2024-08-28T14:52:28+00:00","dateModified":"2024-08-28T14:52:32+00:00","description":"Japan is ramping up efforts to bolster its Web3 industry by implementing tax reforms aimed at supporting the growth of startups. On August 28, Takeru","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg","width":800,"height":450,"caption":"japan-crypto"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/japan-targets-web3-expansion-with-startup-focused-tax-reforms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Japan Targets Web3 Expansion with Startup-Focused Tax Reforms"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/d05d4ef65ae9752036cc2b5e044592f9","name":"Adam L","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-3-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-3-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-3-96x96.png","caption":"Adam L"},"description":"In the world of blockchain and cryptocurrencies, I have a great deal of passion and interest. My interest in blockchain and cryptocurrencies has led me to explore these technologies in greater depth, as I am interested in the potential implications they could have on the global economy.","url":"https:\/\/www.cryptometer.io\/news\/author\/adam\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/02\/japan-crypto.jpg","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/11163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=11163"}],"version-history":[{"count":1,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/11163\/revisions"}],"predecessor-version":[{"id":11164,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/11163\/revisions\/11164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/2702"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=11163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=11163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=11163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}